Virginia Retirement Systems ET AL Sells 2,100 Shares of Costco Wholesale Co. (COST)

Virginia Retirement Systems ET AL cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,400 shares of the retailer’s stock after selling 2,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in Costco Wholesale were worth $23,112,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Costco Wholesale by 3.3% during the second quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after purchasing an additional 858,755 shares during the last quarter. FMR LLC boosted its position in Costco Wholesale by 13.5% during the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after purchasing an additional 1,256,873 shares during the last quarter. Northern Trust Corp boosted its position in Costco Wholesale by 0.6% during the second quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after purchasing an additional 37,778 shares during the last quarter. Fisher Asset Management LLC boosted its position in Costco Wholesale by 3.2% during the third quarter. Fisher Asset Management LLC now owns 2,680,719 shares of the retailer’s stock valued at $629,647,000 after purchasing an additional 82,875 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Costco Wholesale by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after purchasing an additional 23,227 shares during the last quarter. 71.65% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on COST shares. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. Loop Capital set a $265.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, October 10th. Stifel Nicolaus upped their price objective on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Deutsche Bank dropped their price objective on Costco Wholesale from $226.00 to $223.00 and set a “hold” rating on the stock in a research note on Friday, October 5th. Finally, Zacks Investment Research lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $237.94.

In related news, insider W Craig Jelinek sold 22,500 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total transaction of $5,029,200.00. Following the sale, the insider now owns 322,958 shares of the company’s stock, valued at $72,187,572.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Franz E. Lazarus sold 23,000 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $226.76, for a total value of $5,215,480.00. Following the sale, the vice president now directly owns 6,830 shares in the company, valued at approximately $1,548,770.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,312 shares of company stock worth $14,547,272. 0.74% of the stock is owned by corporate insiders.

Shares of NASDAQ COST opened at $237.74 on Friday. The company has a market cap of $105.33 billion, a PE ratio of 34.81, a PEG ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.46 and a current ratio of 1.02. Costco Wholesale Co. has a 1-year low of $167.05 and a 1-year high of $245.16.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. The company had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 earnings per share. Equities research analysts predict that Costco Wholesale Co. will post 7.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.96%. Costco Wholesale’s dividend payout ratio (DPR) is currently 33.38%.

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Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Read More: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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